Denali Advisors LLC Purchases 18,217 Shares of NMI Holdings Inc $NMIH

Denali Advisors LLC lifted its position in NMI Holdings Inc (NASDAQ:NMIH) by 10.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,211 shares of the financial services provider’s stock after purchasing an additional 18,217 shares during the quarter. NMI accounts for 0.8% of Denali Advisors LLC’s portfolio, making the stock its 29th largest position. Denali Advisors LLC’s holdings in NMI were worth $7,293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Walleye Capital LLC acquired a new position in shares of NMI in the 2nd quarter worth approximately $13,245,000. Exchange Traded Concepts LLC acquired a new position in NMI in the third quarter worth $1,926,000. Capital Fund Management S.A. acquired a new position in NMI during the 2nd quarter worth about $1,298,000. Jump Financial LLC grew its holdings in NMI by 184.6% during the 2nd quarter. Jump Financial LLC now owns 193,322 shares of the financial services provider’s stock worth $8,156,000 after acquiring an additional 125,401 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd increased its position in NMI by 219.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 86,824 shares of the financial services provider’s stock valued at $3,329,000 after acquiring an additional 59,682 shares in the last quarter. 94.12% of the stock is owned by institutional investors.

NMI Price Performance

NMI stock opened at $39.65 on Monday. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $3.01 billion, a P/E ratio of 8.08, a PEG ratio of 1.10 and a beta of 0.64. The business has a 50-day moving average of $39.69 and a 200-day moving average of $38.58. NMI Holdings Inc has a 1 year low of $31.90 and a 1 year high of $43.20.

NMI (NASDAQ:NMIH) last issued its quarterly earnings data on Tuesday, February 10th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.03. NMI had a net margin of 55.05% and a return on equity of 15.78%. The firm had revenue of $180.74 million during the quarter, compared to analysts’ expectations of $180.69 million. During the same quarter in the previous year, the company earned $1.07 earnings per share. On average, equities analysts anticipate that NMI Holdings Inc will post 4.62 EPS for the current year.

Insiders Place Their Bets

In other NMI news, Director Michael J. Embler sold 20,000 shares of the stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $36.90, for a total value of $738,000.00. Following the completion of the sale, the director directly owned 46,046 shares in the company, valued at $1,699,097.40. This represents a 30.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Analysts Set New Price Targets

NMIH has been the topic of a number of research reports. Keefe, Bruyette & Woods upgraded shares of NMI from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $46.00 to $48.00 in a research report on Thursday, December 18th. JPMorgan Chase & Co. lifted their target price on NMI from $42.00 to $43.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Weiss Ratings restated a “buy (b)” rating on shares of NMI in a research report on Thursday, January 22nd. UBS Group set a $43.00 price objective on NMI in a research report on Monday, January 12th. Finally, Barclays raised their target price on shares of NMI from $43.00 to $44.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, NMI currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.00.

NMI Profile

NMI Holdings, Inc (NASDAQ: NMIH) is a publicly traded mortgage insurance company that provides private mortgage insurance to lenders across the United States and Canada. Through its principal subsidiary, National Mortgage Insurance Corporation, NMI underwrites and issues policies that protect originators and investors against losses arising from borrower default on residential mortgage loans. By mitigating credit risk on higher‐loan‐to‐value mortgages, the company supports homebuyers’ access to financing and contributes to overall market liquidity.

Beyond its core mortgage insurance products, NMI offers credit risk‐sharing and reinsurance solutions designed to help clients optimize capital utilization and manage portfolio exposure.